Kevin Donald Wanner— Selling Fictitious Certificates of Deposit

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New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Kevin Donald Wanner Allegedly Sold Fictitious Certificates of Deposit

Kevin Donald Wanner, a Bismarck securities and insurance agent, allegedly offered for sale and sold to a North Dakota resident a ‘time certificate of deposit’ purporting to represent an investment in an FDIC insured interest bearing account, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Kevin Donald Wanner also allegedly misrepresented to the investors that their funds would be deposited with the proper FDIC member financial institutions represented, but instead deposited their funds into accounts owned and controlled by Wanner for his own personal use, the AWC notes.

Wanner also allegedly sold the investments, at above current market rates, the AWC reports.

Kevin Donald Wanner Allegedly Failed to Produce Documents by FINRA Deadline and Failed to Appear for On-the-record Testimony; Barred by FINRA

Kevin Donald Wanner, a securities agent with Questar Capital Corporation, allegedly failed to produce any documents by the deadline and failed to appear for on-the-record testimony, according to the AWC, after FINRA began an investigation into the events leading up to Wanner’s termination.

As a result, Wanner violated FINRA Rules and has consented to the imposition of a bar from associating with any FINRA member in all capacities, the AWC notes.

One should also note that, according to the AWC, Kevin Donald Wanner neither admitted nor denied the FINRA findings.

The Peiffer Wolf Carr & Kane Securities Lawyers Often Assist Investors

The Peiffer Wolf Carr & Kane securities lawyers assist investors who lose money as a result of the sale of fictitious Certificate of Deposits. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of the fictitious sale of Certificates of Deposit are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

phil korosec (1249 Posts)


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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.